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Kuflink has reintroduced a set of mezzanine and second cost loans in response to rising demand for property finance.
The peer-to-peer lending platform is now providing second cost loans with a loan-to-value of as much as 80 per cent.
It has additionally debuted an auto-valuation mannequin (AVM) which may ship loans of as much as £500,000 with a most loan-to-value of 70 per cent.
Learn extra: P2P platforms report busy IFISA season
Desktop valuations can be found on loans of as much as £600,000 with a loan-to-value of as much as 80 per cent.
Paul Auger (pictured), chief working officer at Kuflink, stated that the brand new product choices and platform updates have been made in response to demand from its borrower group.
“To be able to help our debtors and contribute to assembly the present housing demand, we’ve reintroduced mezzanine and second cost loans, and improved our AVM standards,” stated Auger.
Learn extra: Kuflink studies file 2023 earnings
“This follows a complete evaluation of our mortgage efficiency and common property market information.”
As a part of an total enhancement of its product vary, Kuflink can be providing expedited legals by its title indemnity insurance coverage scheme for offers which might be further time delicate.
Learn extra: Kuflink readies for property market restoration
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